- Magento Basics Tutorial
- Magento - Home
- Magento - Overview
- Magento - Installation
- Magento - Architecture
- Magento Store Setup
- Magento - Product Overview
- Magento - Setup Languages
- Magento - Setup Contact
- Magento - Setup Categories
- Magento - Setup Products
- Magento - Setup Inventory
- Magento - Setup Taxes
- Magento - Setup Shipping Rates
- Magento - Setup Payment Plans
- Magento - Setup Payment Gateway
- Magento - Setup Payment Methods
- Magento - Setup Currencies
- Magento - Setup Check Out Options
- Magento - Setup Paypal Payment
- Magento - Setup Google Checkout
- Magento - Setup Store Live
- Magento Order Processing
- Magento - Orders Life Cycle
- Magento - Setup Order Options
- Magento - Setup Order Emails
- Magento - Create Orders
- Magento - Manage Orders
- Magento System Setup
- Magento - Setup Customers
- Magento - Setup Google Analytics
- Magento - Setup Pretty URLs
- Magento - Setup Youtube Video
- Magento - Setup Facebook Likes
- Magento - Setup Translation
- Magento - Setup System Theme
- Magento - Setup Page Title
- Magento - Setup Page Layout
- Magento - Setup New Pages
- Magento - Setup CMS
- Magento - Setup Newsletter
- Magento Optimization
- Magento - Site Optimization
- Magento - Profiling
- Magento - Database Performance
- Search Engine Optimization
- Magento Useful Resources
- Magento - Questions and Answers
- Magento - Quick Guide
- Magento - Useful Resources
- Magento - Discussion
Magento - Setup Currencies
Magento has built-in functionality for currencies. After installing Magento, by default there will be one currency used for pricing and payment.
The following steps illustrate how to set up currencies in Magento store −
Step 1 − Login to your Magento Admin Panel
Step 2 − Go to System menu and click on the Configuration option.
Step 3 − On the left side of the navigation bar, click on the Currency Setup option under General section.
Step 4 − Expand the Currency Options panel, and you will get some settings option.
Base Currency − Select the base currency from dropdown menu that you want to set as default. It is directly associated with the price of the products. If you change the base currency, the price will not change and it won't recalculate using new base currency.
Default Display Currency − It displays the default currency that can be used to show the prices of the products. When customer visits your store, it displays the currency set by you.
Allowed Currencies − It provides a long list which allows you to select more than one currency. If there is more than one currency, then customers can select one of the allowed currencies from the dropdown menu on the frontend.
After selecting your currencies option, click on Save Config button on the top right corner to save your settings.